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Recovering Danish house sales ‘close to pre-pandemic levels’

The number of homes sold in Denmark in June represents a return to pre-Covid-19 levels for the housing market after the boom during the pandemic.

A total of 7,704 houses were sold in Denmark last month, according to new figures from Boligsiden. The figure – the third consecutive monthly increase for the number of houses sold – is evidence that the market is now returning to pre-pandemic conditions as far as demand is concerned, even if prices are now higher than they were four years ago.

Last month’s increase in house sales, which was 4.7% higher than in May, means that the metric is 2.7% lower than the average for June in the years 2015-2019.

“We have seen an ongoing moderate growth in the housing market during recent months in which those who held off buying in the autumn and winter are now increasingly completing their house purchases,” housing economist and head of communication with Boligsiden, Birgit Daetz, said in a press statement.

Daetz added: “There is no doubt that housing sales have again picked up compared to the second half of 2022, when 27% fewer homes were sold than in the first half of this year.”

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